Mekong Capital’s latest fund worth $246 mln
Mekong Capital’s latest fund worth $246 mln
Vietnam-based private equity firm Mekong Capital has raised a new fund worth $246 million, which it plans to invest mainly in consumer-driven businesses.
Mekong Capital would primarily invest the money in education, restaurants, consumer services, fast-moving consumer goods, and healthcare. Photo by Shutterstock/Icosha
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Mekong Enterprise Find IV Limited Partnership (MEF IV) is worth twice the value of the previous fund, its fourth, MEF III.
It will focus on businesses that are thriving in the consumer industry as demand and modern business solutions are on the rise in Vietnam.
Mekong Capital said it would primarily invest the money in education, restaurants, consumer services, fast-moving consumer goods, and healthcare.
It plans investments of $10 - 35 million, and both acquiring minority stakes and buying out businesses. The 10-year fund expects to make around 12 investments.
Previous funds managed by Mekong Capital achieved impressive returns. In November 2017, Vietnam Azalea Fund, the third fund raised by Mekong Capital, completed its final divestment. Over 10 years, it generated returns of 1.8x.
The Mekong Enterprise Fund II sold out its investments in August 2018 for a return of 4.5x.
